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  1. #1
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    $250k to $500k Loan, 60 day term, non MCA?

    To the community,
    Does anyone have a lender that would loan $250k-$500k SHORT-TERM, with 60 day payback - but not MCA.
    The merchant is a distributor of communications equipment.

    Merchant is looking for pb lower than a 1.2 FR - not an MCA deal

  2. #2
    Senior Member Reputation points: 81655
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    Short-Term Laon

    Quote Originally Posted by Red Dragon View Post
    To the community,
    Does anyone have a lender that would loan $250k-$500k SHORT-TERM, with 60 day payback - but not MCA.
    The merchant is a distributor of communications equipment.

    Merchant is looking for pb lower than a 1.2 FR - not an MCA deal
    That is a wide range 250K to 500K in short-term capital. Do they own property,
    have Tax Returns, P&L ?

    I do wonder why your seeking assistance in an MCA Forum, but do not want a MCA Product.

    Have you checked with Kevin Hendry at Seacoast?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
    Senior Member Reputation points: 337045
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    Mar 2015
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    3,453

    Quote Originally Posted by Yankeeman07 View Post
    That is a wide range 250K to 500K in short-term capital. Do they own property,
    have Tax Returns, P&L ?

    I do wonder why your seeking assistance in an MCA Forum, but do not want a MCA Product.

    Have you checked with Kevin Hendry at Seacoast?
    Yankeeman07-Thanks for the reco, but we prefer to enter at least a one year agreement with a company.
    Hedley Lamarr......That's Hedley

  4. #4
    Senior Member Reputation points: 81655
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    Florida
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    Quote Originally Posted by kevinhenry0527 View Post
    Yankeeman07-Thanks for the reco, but we prefer to enter at least a one year agreement with a company.
    I will put that info in the memory bank.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  5. #5
    Senior Member Reputation points: 105
    Join Date
    Apr 2016
    Posts
    103

    Red Dragon,

    Give me an idea of the business type, annual income and collateral real estate. We can typically fund in 3-5 business days, but at that level we would require property. Let me know if you would like to discuss options.

    Sean
    LiftForward
    917.477.6534
    sean@liftforward.com

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